Change is in the air: tech industry acquisitions
Monday, November 8th, 2010There must be something in the air. Two tech giants will be growing over the next year due to recent acquisitions. Oracle will be acquiring Art Technology Group (ATG) for 1 billion, and Dell will be adding Boomi to its stable for an undisclosed amount.Oracle, founded in California in 1977, is a leader in database management systems, and boasts the third largest software revenue behind Microsoft and IBM. Your company may use the Oracle Database for its database computing needs. Starting in 2011, Oracle will be leveraging ATG’s e-commerce software to further entrench its role in the market. Founded in Cambridge, Massachusetts in 1991, ATG started as a web design consulting firm, but moved into e-commerce software in the late 1990s. Before its own acquisition, ATG acquired Primus Knowledge Solutions (2004), eStara (2006), CleverSet (2008), and InstantService (2010). (more…)